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Trade Agreements

Uria Lee avatar Uria Lee
18 December 2022
4.8 (66 reviews)
16 test answers

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compete
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to work toward a goal while attempting to defeat rivals
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exploitation
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making use of something in an unfair manner
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imbalance
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a state of unevenness
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influence
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to encourage something to happen or change
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maximize
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to make as large as possible
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treaty
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an agreement created to reach a compromise
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Trade agreements are helpful because they allow countries to....
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....trade for necessary goods.
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Why were free trade zones created in China?
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to attract investments by foreign countries
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Which group works to help members establish internal political stability?
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European Union
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One primary purpose of the European Union is to....
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....eliminate borders between countries.
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International trade organizations promote free trade by encouraging countries to....
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....remedy trade surpluses.
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With which statement would President Bill Clinton most likely have agreed?
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Free trade helps every nation.
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What is one stated purpose of the World Trade Organization?
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to monitor trade policies of many countries
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Trade agreements can cause jobs to go to countries that provide those jobs....
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....efficiently.
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The simplest form of a trade agreement is a ____________ agreement created between two countries.
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direct
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How can a nation benefit from effectively exporting its goods?
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Its domestic spending increases.